PVH Beats Expectations, Faces Tariff Challenges

PVH, the fashion giant behind Calvin Klein and Tommy Hilfiger, surpassed Wall Streets expectations with a 1.7% sales increase to $2.29 billion and an 11% higher adjusted profit per share of $2.83. Despite positive results, the market reacted negatively due to operational challenges, including higher tariffs, shipping delays, and lower-than-expected profit margins. PVH plans to offset tariff impacts with cost-saving measures, focus on brand and product innovation, and recover growth in Europe through digital expansion and local adaptation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.